FRASERS HOSPITALITY TRUST ANNUAL REPORT 2015
213
Names of Interested Persons
Aggregate value of all Interested
Person Transactions during the
financial period under review
(excluding transactions of less
than $100,000 and transactions
conducted under shareholders’
mandate pursuant to Rule 920)
$’000
Aggregate value of
all Interested Person
Transactions during
the financial period
under review under
shareholders’ mandate
pursuant to Rule 920
(excluding transactions
less than $100,000)
$’000
– Reimbursement of expenses paid on behalf of FH-REIT
(372)
–
The Trust Company (Asia) Limited
– Trustee’s fees
(298)
–
The Trust Company (Australia) Limited
– Trustee’s fees
(122)
–
Please also refer to Note 23 ‘Significant related party transactions’ in FHT’s financial statements.
Management fees, servicer fees and Trustee’s fees payable to Frasers Hospitality Asset Management Pte. Ltd. (also
referred to as “REIT Manager”), FHT Australia Management Pty Ltd (also referred to as “MIT Manager”), Frasers Hospitality
Pte. Ltd. (“FHPL”), Frasers Hospitality UK Ltd. (“FHUK”) and The Trust Company (Australia) Limited on the basis of, and
in accordance with the terms and conditions set out in the FH-REIT Trust Deed dated 20 June 2014 (as amended), the
FHT Australia Trust Deed dated 20 June 2014 and/or the Prospectus dated 30 June 2014 are not subject to Rules 905
and 906 of the SGX-ST’s Listing Manual. Accordingly, such fees are not subject to aggregation and other requirements
under Rules 905 and 906 of the SGX-ST’s Listing Manual.
Except as disclosed above, there were no other interested person transactions (excluding transactions of less than
$100,000 each) entered into during the financial year under review nor any material contracts entered into by FHT
that involved the interests of the Chief Executive Officer, any Director or any controlling Stapled Securityholder of FHT.
Notes
1 A summary of the number of Stapled Securities issued for the payment of the REIT and MIT management fees and acquisition fees to the REIT
Manager and MIT Manager and serviced residence management fees to FHPL and FHUK during the financial period from 20 June 2014 (Date of
Constitution) to 30 September 2015 is as follows:
Issue date
Stapled Security
Units issued
Value
$’000
Frasers Hospitality Asset Management Pte. Ltd.
14 July 2014 to 30 September 2014
5 May 2015
1,270,309
1,129
1 October 2014 to 31 December 2014
5 May 2015
2,583,052
2,295
1 January 2015 to 31 March 2015
5 May 2015
2,372,764
2,120
FHT Australia Management Pty Ltd
14 July 2014 to 30 September 2014
5 May 2015
176,383
157
1 October 2014 to 31 December 2014
5 May 2015
483,300
430
1 January 2015 to 31 March 2015
5 May 2015
368,781
330
Acquisition fees
9 July 2015
1,419,941
1,164
Frasers Hospitality Pte. Ltd.
14 July 2014 to 30 September 2014
5 May 2015
826,236
734
1 October 2014 to 31 December 2014
5 May 2015
899,205
794
1 January 2015 to 31 March 2015
5 May 2015
982,501
878
Frasers Hospitality UK Ltd.
14 July 2014 to 30 September 2014
5 May 2015
765,745
680
1 October 2014 to 31 December 2014
5 May 2015
658,106
581
1 January 2015 to 31 March 2015
5 May 2015
578,876
517
The REIT Manager has been nominated by the MIT Manager to receive 1,028,464 and 1,419,941 Stapled Securities respectively which the MIT
Manager is entitled to receive as payment of its fees and pursuant to the nomination agreements between the REIT Manager and MIT Manager dated
5 May 2015 and 30 September 2015, in connection with such nomination, the REIT Manager will pay to the MIT Manager approximately SGD2.08
million, being an amount equal to the aggregate issue price of such Stapled Securities.
FHPL has been nominated by FHUK to receive 2,002,727 Stapled Securities which FHUK is entitled to receive as payment of its fees and pursuant to
the nomination agreement between FHUK and FHPL dated 5 May 2015, in connection with such nomination, FHPL will pay to FHUK approximately
SGD1.78 million, being an amount equal to the aggregate issue price of such Stapled Securities.
INTERESTED PERSON TRANSACTIONS
